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  • Apr 30, 2025

Gold Pares Losses as Traders Assess Fed Rate Path After US Data

(Bloomberg) -- Gold pared losses as traders assessed the Federal Reserve’s interest-rate path after US data showed signs of downside risks under President Donald Trump’s trade agenda.Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNJ Transit Urges Commuters to Work Remotely If Union StrikesNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First QuarterThe Last Thing US Transit Agencies Should Do

  • Apr 30, 2025

Tips for handling your finances in a time of economic uncertainty

Roughly half of U.S. adults say that President Trump's trade policies will increase prices “a lot," according to a recent poll by The Associated Press-NORC Center of Public Affairs Research. Matt Watson, CEO of Origin, a financial planning app, says it's a period of uncertainty for everyone, including experts.

  • Apr 30, 2025

AP PHOTOS: US stocks sink after a weak report on the economy

U.S. stocks are sinking following a discouraging report suggesting the U.S. economy may have shrunk at the start of the year, before most of U.S. President Donald Trump's announced tariffs could take effect. This is a photo gallery curated by AP photo editors. Follow AP visual journalism: AP Images blog: http://apimagesblog.com Instagram: https://www.instagram.com/apnews AP Images on X: http://twitter.com/AP_Images

  • Apr 30, 2025

Fed should ditch current policy framework, group of former top central bankers says

WASHINGTON (Reuters) -A group of former top world central bankers says the Federal Reserve should scrap its nearly five-year-old bias towards jobs and keep a stricter focus on inflation, a recommendation offered as the U.S. central bank conducts its own strategy review. The Fed should "always seek to bring inflation back to its 2% inflation target" and drop the current pledge to use periods of high inflation to offset periods when prices rise too slowly, said the panel, chaired by former New York Fed President William Dudley and including former central bank officials from China, Mexico, Japan, England, and Israel. The current approach of ignoring low unemployment as an inflation risk and viewing maximum employment as a "broad-based and inclusive goal" should also be dropped, the group said.

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